24685 Acropolis Drive, Mission Viejo, CA 92691

  • $1,325,000
  • $552
24685 Acropolis Drive, Mission Viejo, CA 92691
  • Residential Income
  • Property Type
  • 2.00
  • Garages
  • 1971
  • Year Built
For Sale

24685 Acropolis Drive, Mission Viejo, CA 92691

24685 Acropolis Drive, Mission Viejo, CA 92691
  • $1,325,000
  • $552

Description

A truly hands off investment! 11 years left on a 15 year lease. However the new owner can take back the property Sept 1st 2025.
Purchase Subject to existing lease.
Tenant pays all utilities, insurance, all routine maintenance, and all repairs up to $1,500 per occurrence.
Has leased solar panels paid for by tenant in the lease.
This is a Beautiful property in a great, upscale neighborhood. 6 Bedroom / 5 bathroom home.
Lease is currently $5,306 per month, in Sept it goes up to $5,412 and goes up by 2% per year for all 15 years of the lease. Year 10 the lease is at $5,975 and year 15 is at $6,597!
Tennant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home
in proper working condition.
There is a hold-harmless agreement in place between tenant and landlord.
THIS IS A GREAT 10-31 EXCHANGE PROPERTY!

Call now for more information.

  • Address 24685 Acropolis Drive
  • City Mission Viejo
  • State/county CA
  • Zip/Postal Code 92691
  • Area MC - Mission Viejo Central
  • Country United States

Details

Updated on May 26, 2024 at 3:52 am
  • Property ID: 14662390
  • Price: $1,325,000
  • Land Area: 7370.00 Sqft
  • Garages: 2.00
  • Year Built: 1971
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 2402.00
  • MLS#: NP22121599
  • Office Name: FIRST TEAM REAL ESTATE
  • Agent Name: Gregg Perrah
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01200203
  • IDX Contact Info: 949-836-0333

Additional details

  • View: Bluff,City Lights
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Central
  • County: Orange
  • Property SubType: Single Family Residence
  • Parking: 4.00
  • Water Source: Public

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Bill Qin
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